Indesit Company

Indesit Company (/ˈɪndɪsɪt/;Italian pronunciation: [ˈindezit]) is an Italian company based in Fabriano, Ancona province. It is one of the leading European manufacturers and distributors of major domestic appliances (washing machines, dryers, dishwashers, fridges, freezers, cookers, hoods, ovens and hobs). It claims to be the undisputed leader in major markets such as Italy, the UK and Russia. Founded in 1975 and listed on the Milan stock exchange since 1987, the Group posted sales of €2.7 billion in 2013. It has eight industrial areas (in Italy, Poland, the UK, Russia and Turkey) and 16,000 employees. The Group’s main brands are Indesit, Hotpoint and Scholtès.

History

Founded in 1975 as Merloni Elettrodomestici SpA by Vittorio Merloni, as a spin-off from Industrie Merloni. It was renamed Indesit Company S.p.A in 2005 after a company it acquired in 1987.

In the 1980s, with other Italian companies having been taken over by foreign appliance manufacturers, Merloni Household became the premier domestic producer in the industry. Since 1981 the company was going through a period of crisis, which ended in 1984, when Vittorio Merloni, having concluded his presidency of Confindustria, returned to managing Indesit. Profits and revenues of the company grew, and this led the Merloni family to decide in 1986 in favor of the company's entry into the stock market.